Somewhat Favorable News Coverage Somewhat Unlikely to Impact SandRidge Permian Trust (PER) Stock Price
Headlines about SandRidge Permian Trust (NYSE:PER) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Permian Trust earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned headlines about the oil and gas producer an impact score of 46.2840685814673 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
SandRidge Permian Trust (NYSE PER) opened at $2.65 on Monday. SandRidge Permian Trust has a 52 week low of $2.65 and a 52 week high of $4.00. The firm has a market cap of $139.13, a price-to-earnings ratio of 5.30 and a beta of 0.71.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 14.34%. The ex-dividend date is Thursday, November 9th. SandRidge Permian Trust’s dividend payout ratio is presently 76.00%.
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About SandRidge Permian Trust
Sandridge Permian Trust (the Trust) is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas. The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests.
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